2158 Lomita BlvdLomita, CA 90717
- Retail space
- 2,496 SF
Property Details for 2158 Lomita Blvd
- Year built
- 1934
- Construction
- WOOD
- Lot size
- 0.19 AC
- Property size (Sq ft)
- 2,496 SF
- Zone code
- LOCG*
- Property type
- Retail space
- APN
- 7376-017-030
- APU
- 7376017030
Description
This exceptional retail property at 2158 Lomita Blvd, Lomita, CA 90717, presents a compelling investment opportunity. The 3,030 square foot building, constructed in 1934, sits on an 8,296 square foot lot and is currently configured as a bar and office space, both occupied by a single tenant under a lease with five years remaining and two five-year options to renew. The property boasts a strong current NOI of $46,450, translating to a 3.57% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $97,750 and a 7.52% cap rate, indicating substantial upside potential. The asking price is $1,300,000, resulting in a price per square foot of $429.04. Conveniently located on a high-traffic, signalized corner of Narbonne and Lomita Boulevards, the property offers excellent visibility and accessibility. Ample on-site parking caters to both patrons and employees. The property is zoned LOCG and features one single-story building with two units. This is a rare chance to acquire a well-located, income-producing retail property with significant growth potential in the thriving Los Angeles County market. The property's strong tenant history and lease terms provide stability and security for investors.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,166,222
- 6.5%
- $1,076,513
- 7%
- $999,619
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,517,506
- Geo Method
- $1,517,506
-
Alternative Use
- Use
- Valuation
- Residential
- $908,079
- Hospitality
- $831,796
- Educational
- $692,044
- Medical
- $715,845
- Retail
- $1,076,513
Location Insight
- City
- Lomita
- County
- Los Angeles
- State
- California
- Latitude
- 33.8017
- Longitude
- -118.319
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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